Aniekan Umoette

Responsibilities:

• Regularly review systems and reports to spot potential fraud, money laundering, and financial crime risks.
• Take action on cases and alerts, document findings and outcomes per policy, and analyze trends to help reduce fraud and AML risks for our clients.
• Investigate suspected fraud and money laundering cases by interviewing members and other parties, reviewing evidence, and tracking transactions.
• Thoroughly document findings, take witness statements, flag suspicious transactions or potential financial crimes, and research any losses (like fraudulent deposits, ATM fraud, or card disputes).
• Prepare detailed reports summarizing investigative activities and results.
• Report incidents to the BSA/AML team and file Suspicious Activity Reports (SARs) when necessary.

SAR filing:

• Prepare and submit Suspicious Activity Reports (SARs) to FinCEN, following all regulatory guidelines.
• Clearly explain red flags and patterns of suspicious activity in the SAR narrative.
• Keep detailed records of all SAR filings and any related documentation.
• Coordinate with law enforcement when needed, providing additional details on suspicious activities.

Compliance and Controls:

• Keep up-to-date with Anti-Money Laundering (AML), Know Your Customer (KYC), and fraud prevention rules and regulations.
• Quickly escalate any high-risk situations to the right teams for further investigation. including check holds and special account handling, and report any compliance issues to management.
• Maintain well-organized records of all fraud and AML-related documents to ensure compliance and audit readiness.
• Compile findings from investigations (like statements, checks, or media searches) and prepare cases for management review.
  
  

Responsibilities:

• Analyze customer activity and background information to detect suspicious behavior, making informed decisions regarding appropriate actions for potential red flags, money laundering risks, financial crimes, and terrorist financing as reviews may include subpoena analysis, 314(a) and 314(b) evaluations, unusual referrals, lending referrals, escalated monitoring alerts, and employee reviews, all of which are critical for the bank’s sound operations.
• Ensure timely and effective transaction analysis to identify potential unusual activity, recognizing that failure to comply can expose the bank to regulatory fines and scrutiny.
• Complete Suspicious Activity Reports (SARs) for management review and approval, compiling thorough client and transactional analyses with well-supported conclusions.
• Take ownership of identifying and mitigating risks within assigned responsibilities while supporting overall risk mitigation efforts across the organization.
• Formulate 314(b) communications to facilitate information exchange with other financial institutions.
• Recommend whether to retain or close client relationships based on risk assessments.
• Conduct Enhanced Due Diligence on clients through comprehensive online research and analysis.
• Utilize various bank repositories, as well as internet and public databases, to perform thorough research.
• Meet assigned regulatory and departmental deadlines, preparing for audits as required.
• Prepare backup documentation for SARs related to law enforcement requests and communicate with law enforcement agencies as necessary for casework.
• Collaborate with all areas of the bank, ensuring the FIU Manager and BSA/AML Officer are informed about high-profile cases.
• Stay informed on money laundering and terrorist financing trends and typologies to support analysis and findings.
• Undertake special projects or assignments as requested.

Responsibilities:

• Conduct thorough analyses and investigations to identify and manage fraudulent activities, focusing on customer authentication, fraud inquiries, and compliance with fraud policies across all business channels.
• Open and prepare suspected fraud cases in accordance with operational policies and procedures, applying consistent and well-documented analysis aligned with client and industry standards to ensure uniform decision-making regarding actions taken on customer accounts.
• Analyze relevant data to confirm or dismiss fraud claims, validate customer ID authentication, and identify any violations of fraud policies that may pose risks.
• Take necessary account actions upon identifying fraudulent activity, which may include placing accounts on hold, following up with customers, and ensuring that all actions are completed promptly and in compliance with legal and regulatory requirements.
• Evaluate fraud trends associated with fraudulent orders and identity theft, Ach, Credit and Debit Card fraud, Account Take over, Scam Victims, Elderly abuse, etc., performing research to draw informed conclusions.
• Research and notify the appropriate internal teams regarding customer verification needs or potential legal actions.
• Participate in developing and implementing policies and procedures aimed at identifying and deterring fraudulent activities.
• Investigate and address fraud escalations promptly and effectively.
• Establish and enhance fraud-related processes to improve overall efficiency.
• Identify challenges and propose solutions during team projects to drive better outcomes.